Big Banc Split Corp T.BNK

A few more things to ponder

[uograd]

While all you blowhards pat yourself on the back and drink the same bath water about what a good press release went out Friday which in reality you don't believe bu are just trying to trade your position, here are a couple of other things to keep in mind.

First of all, even the idiots that ran Long Run somehow managed to get their $20,000,000 deposit in full as soon as their shareholders approved the transaction which was weeks and weeks before even the Investment Canada decision.  Why did the geniuses that run Bankers not get the same deal?  Easy answer, Geo Jade would not give them that deal.

Second, if you have been watching the bun fight between Canadian Superior and Canexus over who owes who the $25,000,000 breakup fee for their deal that went in the toilette you will know that is before the courts and will be a long time or possibly never before one side pays the other.

It is fine to think the deal will close at $2.20.  I do but it will probably takes in the neighbourhood of 90 days but as sure as God makes little green apples, if SAFE does not put this deal through it will be a cold day in Beijing before $20,000,000 USD or almost $27,000,000 CDN at today's exchange rate will find its way to a bank deposit in Calgary.  It is truly laughable to believe Banker's will ever see a dime of that.

The deal will either close which I believe it will or they won't get a dime.  Those are your options.  the stock will trade down tomorrow based on these facts and oil breaking $40 won't help.

The real fun part will be watching all the trader's here try to get out of this first thing tomorrow at plus $2.00.  You are late to the party.

Someone mentioned $1.80-1.90 which is reasonable given the new risk that this deal is either going to be approved or Bankers will get SFA.

[QUANTUMJUMP]

I assume you are trying to buy ??? As for your post , Define GOD as you theory says " but as sure as God makes little green apples"  So is this some angry guy in the sky , or the original meaning of the word , refering to the original substance/energy of the universe  Truth be told, if I have an apple seed .. I can make a whole apple tree  90 days ... you have

[bmeister2]

R U doing press releases for The Donald? wow, you are one angry cynic. I would like to know who sh@t in your cornflakes today?? It's all good,man. Buy,buy.

[ChupacabraBueno]

Just like other deals, delays are to be expected and a breakup fee is nothing like money in the bank. The real issue is will the buyer go through with the deal. The real danger was that with an easy exit opportunity & oil down, Geo-Jade would have a change of heart. But they've reaffirmed their commitment. And although there could be more delays ahead, it looks like there's only one

[QUANTUMJUMP]

Geo-Jade is not making the purchase based on oil price today . It is an investment in their evaluation of the future.  They are awaiting SAFE approval , nothing more , nothing less  I was actually anticipating more of an emotional response to the downside .... with the intent to buy  could be tonight or any other business day ( China)

[ChupacabraBueno]

No doubt Geo-Jade is looking well into the future & what the oil price will be then - though I think that many making that calculation would in some way be influenced by past & current oil prices. Why were you expecting "an emotional response to the downside"? I read the announcement as - whatever risk there may have been is virtually eliminated & investors need only wait for

[QUANTUMJUMP]

I was simply expecting flippers to sell at open.  Had strong confirmation approval could be anytime so I am looking to add and was simply hoping to get more lower